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Renowned investor Cathie Wood said Tuesday that growing institutional interest in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) would herald the &#8220;next exciting leg&#8221; of the asset&#8217;s growth journey.
What Happened: The CEO of asset management firm&nbsp;ARK Invest was reacting to billionaire hedge fund manager&nbsp;Philippe Laffont&#8217;s views on Bitcoin.
Laffont, founder of tech-focused hedge fund&nbsp;Coatue Management, said in a recent conference that retail investors understood the value of Bitcoin earlier than institutions.
&#8220;It feels like sometimes the institutional investor is wrong and the retail investment is right,&#8221; he stated. &#8220;I don&#8217;t think we can afford to ignore it anymore.&#8221;
Wood noted that ARK Invest had given its clients exposure to the cryptocurrency back in 2015 when it was priced at only $250. 
&#8220;Thanks primarily to retail investors, Bitcoin has appreciated 400-fold. Now that institutions are focused on this new asset class, the next exciting leg of this journey is beginning,&#8221; she added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In 2015, <a href="https://twitter.com/ARKInvest?ref_src=twsrc%5Etfw">@ARKInvest</a> provided our clients with exposure to bitcoin at a price of $250. Thanks primarily to retail investors, bitcoin has appreciated 400-fold. Now that institutions are focused on this new asset class, the next exciting leg of this journey is beginning! <a href="https://t.co/NUfDUx3wZe">https://t.co/NUfDUx3wZe</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1937627307369464217?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/46071825/big-short-investor-eisman-warns-jpmorgan-wells-fargo-domination-squeezes-regional-banks" target="_blank" rel="noreferrer noopener">&#8216;Big Short&#8217; Investor Eisman Warns JPMorgan, Wells Fargo Domination Squeezes Regional Banks</a>
In a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45335755/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range">previous interview</a>, Wood had reaffirmed her bullish stance on Bitcoin, predicting that it would hit a minimum of $700,000 in the coming years. This would represent a surge of at least 580% from its current value by 2030.
Why It Matters: Laffont predicted earlier this month that <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45942372/anthony-scaramucci-welcomes-philippe-laffonts-bitcoin-advocacy-after-billionaire-hedge-fund-manager-says-apex-crypto-has-become-central-to-investment-portfolios">Bitcoin would become central to investment portfolios</a> in the years to come, joining a growing list of well-known hedge fund managers who have softened their views on the asset.
Institutions have poured over $47 billion in spot Bitcoin exchange traded funds since their debut last year, with BlackRock&#8217;s iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) becoming the world&#8217;s largest cryptocurrency investment vehicle, <a href="https://sosovalue.com/assets/etf/us-btc-spot">according </a>to SoSo Value. 
Meanwhile, Wood remains an outspoken advocate of Bitcoin, <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45335755/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range">forecasting that it will reach $700,000</a> in the coming years, with the bull case in the&nbsp;$1.5 million range.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $106,392.90, up 1.30% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Photo Courtesy: Yalcin Sonat On Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/46067898/trumps-crypto-ventures-have-been-lucrative-but-adam-schiff-says-he-is-bringing-in-a-law-to-" target="_blank" rel="noreferrer noopener">Trump&#8217;s Crypto Ventures Have Been &#8216;Lucrative,&#8217; But Adam Schiff Says He Is Bringing In A Law To End &#8216;Corruption In Plain Sight&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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$BTC

HOOD

IBIT

Bitcoin's 400x Rise Aside, Cathie Wood Says The 'Next Exciting Leg' Is Just Beginning

U.S. money market funds are witnessing an unprecedented surge in inflows as investors increasingly favor safety and liquidity over risk assets.
What Happened: According to data shared by The Kobeissi Letter in a post on X, on Tuesday, money market funds have attracted $902 billion in net inflows over the past twelve months.
In comparison, debt and equity markets over the same period have witnessed inflows of $485 billion and $443 billion, respectively. So far in 2025, the post notes that money markets have drawn $200 billion in fresh inflows, while debt and equities have remained largely flat.
See Also: <a href="https://www.benzinga.com/markets/hedge-funds/25/06/45966863/ken-griffin-says-traders-who-go-on-defense-always-lose-money-citadel-founder-warns-crowded-safe-trades-where-the-losses-are">Ken Griffin Says Traders Who &#8216;Go On Defense&#8217; Always Lose Money, Citadel Founder Warns Crowded Safe Trades &#8216;Where The Losses Are&#8217;</a>
&#8220;Safe-haven investments are thriving,&#8221; the post says, highlighting a deepening sense of caution in the markets, with investors increasingly prioritizing preservation over the pursuit of returns.
&#8220;It appears that capital is flying into safety as elevated interest rates and economic uncertainty make cash-like instruments increasingly attractive relative to risk assets,&#8221; it says.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Money market funds are on fire: US money market funds have attracted $902 billion in net inflows over the past year. By comparison, investors invested $485 billion and $443 billion into US bond and equity funds, respectively. In 2025 alone, money market fund inflows have… <a href="https://t.co/3EPDb96ikH">pic.twitter.com/3EPDb96ikH</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1937538197313191981?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
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Money market funds are increasingly appealing to investors with funds such as the Fidelity Money Market Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRXX#NASDAQ">SPRXX</a>) and the Vanguard Federal Money Market Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMFXX#NASDAQ">VMFXX</a>) now offering steady yields in excess of 4%, amid plenty of turbulence in the broader markets.
Why It Matters: Several market experts and analysts see this as a clear sign of growing investor caution, as shifting rate expectations and macro uncertainties continue to mount.
Investor Chamath Palihapitiya recently <a href="https://www.benzinga.com/markets/25/05/45610672/market-is-risk-off-chamath-palihapitiya-flags-rising-investor-fear-as-money-market-fund-assets-hit-724-trillion">flagged the trend</a>, saying that the &#8220;market is risk-off,&#8221; while referring to money market funds hitting a record high of $7.24 trillion in May. 
Other market observers, such as The Market Ear, however, believe that these funds, parked in short-term instruments, are just &#8220;dry powder,&#8221; or cash reserves sitting on the sidelines and waiting to make their way back into the markets, on receiving the right signals.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Now that&#39;s some dry powder! $7 trillion sitting in U.S. money market funds. <a href="https://t.co/xT7nEMBV52">pic.twitter.com/xT7nEMBV52</a>
&mdash; The Market Ear (@themarketear) <a href="https://twitter.com/themarketear/status/1926948542825771487?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote>
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</figure>
Price Action: The U.S. 10-Year Treasury yields stand at 4.30% at the time of writing this, with 2-Year yields at 3.799%, and 1-Year at 4.03%.
Photo Courtesy: Adny on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46048599/top-3-risk-off-stocks-that-could-blast-off-this-month-2">Top 3 Risk Off Stocks That Could Blast Off This Month</a></li>
</ul>

Bonds

Markets

SPRXX

VMFXX

Money Market Funds 'On Fire' As $902 Billion Pours In — Why These 'Safe-Haven' Investments Are Thriving Now?

Zohran Mamdani, the 33-year-old progressive state representative, emerged as the frontrunner in New York City&#8217;s Democratic mayoral primary Tuesday night, prompting former Governor Andrew Cuomo to concede defeat.
What Happened: With 91% of votes counted, Mamdani secured 43.5% compared to Cuomo&#8217;s 36.4%. City Comptroller Brad Lander trailed with 11.4%, according to preliminary results.
&#8220;Tonight is his night. He deserved it. He won,&#8221; Cuomo told supporters at his campaign rally, praising Mamdani&#8217;s &#8220;really smart and good and impactful campaign.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cuomo: Tonight is his night, he won <a href="https://t.co/prSuY58bXl">pic.twitter.com/prSuY58bXl</a>
&mdash; Acyn (@Acyn) <a href="https://twitter.com/Acyn/status/1937701732508926291?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
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The outcome represents a significant rebuke to the Democratic establishment. Cuomo entered the race in March with superior name recognition and a 30-point polling lead, backed by billionaire donors including Home Depot co-founder Ken Langone and Avenue Capital Group CEO Marc Lasry, <a href="https://www.theguardian.com/us-news/2025/jun/24/new-york-mayoral-primary-results">according</a> to The Guardian. Outside spending supporting Cuomo exceeded $25 million, setting a record for the city.
Mamdani&#8217;s grassroots campaign capitalized on endorsements from progressive leaders Rep.&nbsp;Alexandria Ocasio-Cortez&nbsp;(D-N.Y.) and Sen.&nbsp;Bernie Sanders&nbsp;(I-VT). His platform includes rent freezes and free citywide bus service, resonating particularly with younger voters.
See Also: <a href="https://www.benzinga.com/personal-finance/management/25/06/46087248/americans-used-to-fantasize-about-getting-rich-now-they-just-want-to-be-comfortable-1-in-4-dont-feel-financially-safe-many-want-150000-payslips">Americans Used To Fantasize About Getting Rich, Now They Just Want To Be Comfortable: 1-In-4 Don&#8217;t Feel Financially Safe, Many Want $150,000 Payslips</a>
Why It Matters: The race utilized ranked-choice voting, requiring a candidate to receive 50% of the votes for an outright victory. Mamdani&#8217;s cross-endorsement with Lander positions him favorably for second-choice tallies, though final results may take days.
Market implications remain significant given New York&#8217;s economic influence. Former Goldman Sachs CEO Lloyd Blankfein <a href="https://www.benzinga.com/news/legal/25/03/44094049/cuomos-mayoral-bid-shakes-up-nyc-race-drawing-major-power-brokers-and-critics-alike">previously endorsed Cuomo</a>, emphasizing the need for &#8220;economic development&#8221; leadership and cooperation with the Trump administration.
Incumbent Mayor Eric Adams, running as an independent after corruption charges were dropped in April following Trump administration intervention, <a href="https://www.benzinga.com/news/legal/25/03/44094049/cuomos-mayoral-bid-shakes-up-nyc-race-drawing-major-power-brokers-and-critics-alike">remains deeply unpopular</a>. 
Mamdani would become New York&#8217;s first Muslim mayor if elected, marking a historic shift in America&#8217;s financial capital.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/46087132/elizabeth-warren-says-the-tax-break-for-mark-zuckerbergs-meta-is-so-bountiful-under-trumps-big-beautiful-bill-that-35-copay-from-each-american-wont-still">Elizabeth Warren Says The Tax Break For Mark Zuckerberg&#8217;s Meta Is So Bountiful Under Trump&#8217;s &#8216;Big Beautiful Bill&#8217; That $35 Copay From Each American Won&#8217;t Still Match It</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Ron Adar / Shutterstock.com

Politics

Zohran Mamdani Leads NYC Mayoral Primary, Andrew Cuomo Concedes Race: 'He Deserved It. He Won'

Leading cryptocurrencies moved further up on Tuesday as investors hoped the ceasefire between Iran and Israel would hold and help calm geopolitical tensions
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 10:20 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.67%</td>
<td>$106,712.57</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.73%</td>
<td>$2,466.22</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.73%</td>
<td>$0.1668</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin hit the upper reaches of $106,000 overnight but was still 4.75% away from its all-time highs. Ethereum reentered the $2,400 region and consolidated.
Bitcoin's dominance increased to 64.5%, while Ethereum's market share eased by around 9%.
Short position traders continued to get liquidated, with more than $115 million in downside bets evaporating in the last 24 hours.
Bitcoin&#8217;s open interest climbed 2.12% to over $70 billion, marking a significant improvement from the weekend dip. Interestingly, over 60% of Binance traders with open BTC positions were short as of this writing.
The market sentiment remained in "Greed," according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 10:20 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sei (SEI)</td>
<td>+23.98%</td>
<td>$0.3327</td>
</tr>
<tr>
<td>Maple Finance (SYRUP) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+21.80%</td>
<td>$0.5888</td>
</tr>
<tr>
<td>SPX6900 (SPX)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+13.76%</td>
<td>$1.36 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.28 trillion, following an increase of 1.13% in the last 24 hours.
Stocks staged a sharp rally on Tuesday. The Dow Jones Industrial Average rose 507.24 points, or 1.19%, to end at 43,089.02. The S&amp;P 500 gained 1.11% to close at 6,092.18, while the tech-focused Nasdaq Composite spiked 1.43% to end at 19,912.53.
Investors factored in President Donald Trump&#8217;s <a href="https://www.benzinga.com/news/politics/25/06/46072859/trump-says-israel-is-not-going-to-attack-iran-after-ceasefire-violation-turn-around-and-head-home">assurance</a> that a ceasefire between Iran and Israel is in effect, even as reports of renewed hostilities raised doubts about its durability.&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency trader bwatts identified a bull flag setup for Bitcoin, potentially leading to upward price continuation.
"Remains bullish as long as weekly candles are closing over $97,938. Needs a daily close over $108,403 for upside continuation," the trader projected.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Bull flag setup. Remains bullish as long as weekly candles are closing over 97,938. Needs a daily close over 108,403 for upside continuation. <a href="https://t.co/SiP83ASBam">pic.twitter.com/SiP83ASBam</a>
&mdash; bwatts  (@_bwatts_) <a href="https://twitter.com/_bwatts_/status/1937515863961469341?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
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</figure>
Meanwhile, a smart trader doubled down on their Ethereum bearish bet, adding another 10,000 ETH to the short position.
The trader held 50,000 ETH short as of this writing, with unrealized profits down to $13.9 million
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Smart trader 0xcB92 doesn&#39;t seem bullish on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>. His <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> short once had over $26M in unrealized profit, but he didn&#39;t close it—instead, he doubled down by adding another 10K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>. He now holds 50K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($122M) short, with profits down to $13.9M.<a href="https://t.co/PZR8ypAal9">https://t.co/PZR8ypAal9</a> <a href="https://t.co/wCnZ8BKNZt">pic.twitter.com/wCnZ8BKNZt</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1937685796770971670?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: sundaemorning on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/06/46075421/crypto-is-macroeconomically-insignificant-yanis-varoufakis-in-2023-why-the-2023-warnings-s">&#8216;Crypto Is Macroeconomically Insignificant&#8217;: Yanis Varoufakis In 2023: Why The 2023 Warnings Still Resonate In 2025</a></li>
</ul>

Movers

Trading Ideas

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Inch Higher As Investors Hope 'Trump-Brokered' Iran-Israel Ceasefire Holds:  Analyst Says BTC Needs A Daily Close Over $108,403 For Upside To Continue

<a href="https://www.nytimes.com/live/2025/06/24/nyregion/nyc-democratic-primary-election-mayor" title="https://www.nytimes.com/live/2025/06/24/nyregion/nyc-democratic-primary-election-mayor">https://www.nytimes.com/live/2025/06/24/nyregion/nyc-democratic-primary-election-mayor</a>

General

Zohran Mamdani Wins New York City Mayoral Primary; Ex-Governor Andrew Cuomo Concedes Race

More than three-quarters of U.S. adults say they are not financially secure, a record share in Bankrate's latest Financial Freedom survey, as inflation and hiring freezes erode purchasing power and career prospects.
What Happened: The poll found 77% feel less than "completely financially secure," up from 75% last year and 72% in 2023, despite a cooling headline inflation rate.
One-quarter of respondents said they would need a $150,000 salary to feel comfortable, and 8% of that group raised the bar to $200,000–$499,999, while another 8% wanted at least $500,000. By contrast, 45% reported they could feel financially secure on under six figures, including 34% who said $50,000–$99,999 would suffice.
Median pay has not kept pace with prices. Bureau of Labor Statistics data show a $100,000 salary in January 2020 now buys what $124,000 did in April 2025, effectively slicing $24,000 from households that missed raises. Average full-time, year-round earnings were $81,515 in 2023, well below the $150,000 that 26% of respondents say they would need to "feel financially secure/comfortable," Bankrate noted.
See also: <a href="https://www.benzinga.com/news/macro-notification/25/06/46070420/us-home-sales-sink-to-slowest-may-since-2009-as-mortgage-rates-and-record-prices-keep-buyers-on-the-sidelines">US Home Sales Sink To Slowest May Since 2009 As Mortgage Rates And Record Prices Keep Buyers On The Sidelines</a>
"Getting rich may have once been what many Americans fantasized about, but now, simply living comfortably feels like the new aspiration, as economic challenges make financial stability a rare luxury," Bankrate analyst and U.S. economy reporter Sarah Foster said. "Many people need to spend more and more every year. However, their income has not increased a lot. Most people's salary is (static)," said Purdue University finance scholar Wookjae Heo.
Why It Matters: A GoBankingRates survey from May shows <a href="https://www.benzinga.com/personal-finance/25/05/45441492/survey-reveals-what-each-generation-thinks-is-a-comfortable-salary-in-2025-you-might-be-surprised">55% of Americans</a> still believe they could live comfortably on $100,000 or less in 2025, despite higher prices. Gen Z highlights that optimism, with roughly 21% of 18 to 24-year-olds saying $50,001–$75,000 would be enough, while only 3% insist on $500,000 or more.
A separate SmartAsset <a href="https://www.benzinga.com/personal-finance/management/25/06/45929823/the-salary-a-single-person-needs-to-live-comfortably-now-outweighs-median-annual-wages-in-all-50-states">study</a> offers a harsher reality, calculating that a single adult now needs $80,829 to $124,467 to feel comfortable in every state, well above the Bureau of Labor Statistics' $62,000 median wage for full-time workers. That shortfall helps explain why many households still feel squeezed even when their paychecks flirt with six figures.
Photo Courtesy: Lebedko Inna on Shutterstock.com
Read next: <a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/06/46074452/juggling-multiple-high-paying-jobs-seemed-like-a-dream-until-the-guilt-kicked-in-it-felt-bad-to-constantly-lie-to-my-coworkers">Juggling Multiple High-Paying Jobs Seemed Like A Dream Until The Guilt Kicked In. &#8216;It Felt Bad To Constantly Lie To My Coworkers&#8217;</a>

Personal Finance

Americans Used To Fantasize About Getting Rich, Now They Just Want To Be Comfortable: 1-In-4 Don't Feel Financially Safe, Many Want $150,000 Payslips

Artificial general intelligence may not lead to the deflationary future some investors expect, according to Harvard professor and former IMF Chief Economist Ken Rogoff.
What Happened: Appearing on the Dwarkesh Patel Podcast earlier in the month, Rogoff warned that AGI could actually push inflation up, keeping pressure on interest rates to stay higher for longer, amid growing demand for energy and infrastructure capital expenditures.
&#8220;AGI and AI are upward pressures on interest rates,&#8221; he says, adding that with &#8220;the huge energy needs [and] the capital investment, you&#8217;re going to see even more spending, not less.&#8221;
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46076895/microsofts-layoffs-news-july-2025-ai-investment-80-billion">Microsoft&#8217;s AI Gets $80 Billion—While Pink Slips Print By The Thousand</a>
This is in sharp contrast to other economists and experts, who have since commented on AI and artificial general intelligence being broadly deflationary. Rogoff, however, cautions that this is a misreading of how capital-intensive technological revolutions unfold.
&#8220;Traditionally, when you did a lot of investment, it raised wages,&#8221; he said, while citing research by MIT economist Daron Acemoglu, who has shown that automation doesn't always lead to falling wages or lower investment, but it can shift the economy toward capital-intensive growth paths instead.
Rogoff concludes that this isn&#8217;t going to be a deflationary story like it&#8217;s being projected, while adding that &#8220;this could actually make life harder for central banks, not easier.&#8221;
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Found one! <a href="https://t.co/BClpXhaWFc">https://t.co/BClpXhaWFc</a> <a href="https://t.co/6G4caRbggW">pic.twitter.com/6G4caRbggW</a>
&mdash; Dwarkesh Podcast (@dwarkeshpodcast) <a href="https://twitter.com/dwarkeshpodcast/status/1937591807770051054?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Rogoff offers a contrarian take on the predictions made by several experts and economists on the matter in recent months.
The CEO of OpenAI, Sam Altman, recently said that AI would have a <a href="https://www.benzinga.com/news/25/03/44312626/sam-altman-warns-ai-will-be-deflationary-but-says-openais-biggest-constraint-isnt-data-or-demand-its">deflationary effect</a> on the global economy, something he says is underappreciated and misunderstood by investors.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As I've said, AI is a deflationary nuclear bomb. The cheaper it gets, the cheaper everything gets… electricity is the other one. No one believes it now but we are reaching the deflationary tipping point there too, which accelerates AI…which accelerates cheaper energy and… <a href="https://t.co/Qa6yjKiAPx">https://t.co/Qa6yjKiAPx</a>
&mdash; Raoul Pal (@RaoulGMI) <a href="https://twitter.com/RaoulGMI/status/1838406207641653606?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Investor and macroeconomist Raoul Pal, too, has echoed similar claims, having referred to artificial intelligence technology as a &#8220;deflationary nuclear bomb.&#8221;
He said that &#8220;The cheaper it [AI] gets, the cheaper everything gets&#8230; electricity is the other one,&#8221; in a post on X, late last year. 
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46046476/barack-obama-warns-ai-revolution-is-not-hype-says-youre-going-to-start-seeing-shifts">Barack Obama Warns AI Revolution Is &#8216;Not Hype,&#8217; Says &#8216;You&#8217;re Going To Start Seeing Shifts&#8230;&#8217;</a></li>
</ul>

Economics

Ken Rogoff Warns AI's Hunger For Power Could Send Interest Rates Soaring: 'You're Going To See Even More Spending, Not Less'

U.S. stocks ended the day on a high note, with the Nasdaq gaining over 1.4% on Tuesday to 19,912.53. The Dow also traded up 1.2% to 43,089.02, while the S&amp;P 500 rose by 1.1% to 6,092.18. 
These are the top stocks that gained the attention of retail traders and investors throughout the day:
BigBear.ai Holdings Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>)
BigBear.ai stock soared 25.12% to close at $5.23, with an intraday high and low of $5.25 and $4.23, respectively. The 52-week high and low stand at $10.36 and $1.16. The AI solutions provider recently <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46080056/bigbear-ai-bbai-stock-soars-21-whats-going-on">deployed its biometric passenger processing software</a> at major U.S. and international airports, including JFK, LAX, and Chicago O'Hare.
Advanced Micro Devices Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)
AMD shares surged 6.83% to close at $138.43, with an intraday high and low of $138.79 and $132.93. The 52-week high and low are $187.28 and $76.48. The semiconductor giant recently announced a <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46080942/why-amd-stock-is-soaring-tuesday">strategic alliance with HCLTech</a>, a leading global technology company, to accelerate enterprise digital transformation.
QuantumScape Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>)
QuantumScape shares rose 2.00% to close at $4.33, with an intraday high and low of $4.40 and $4.28. The 52-week high and low stand at $9.52 and $3.40. The company recently announced that its <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46084743/quantumscape-stock-is-surging-after-the-bell-whats-fueling-the-move">Cobra separator process entered into baseline production</a>, marking a significant milestone in the scale-up of its production capabilities.
Coinbase Global Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)
Coinbase shares jumped 12.10% to close at $344.82, with an intraday high and low of $348.97 and $311.90 respectively. The 52-week high and low are $349.75 and $142.58. The company&#8217;s shares rose following a <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46080547/whats-going-on-with-coinbase-shares-today-2">rebound</a> in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices and improved risk sentiment across markets.
Tesla Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares fell 2.35% to close at $340.47, with an intraday high and low of $356.26 and $340.44. The 52-week high and low stand at $488.54 and $182. The electric vehicle maker&#8217;s <a href="https://www.benzinga.com/markets/tech/25/06/46069883/teslas-china-sales-slip-over-10-in-mid-june-after-strong-may-surge">Chinese sales have gone down</a> in the third week of June after experiencing steady growth in the country in May.
Benzinga's Edge Stock Rankings indicate Coinbase&#8217;s Short, Medium and Long Price Trends are positive. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how the stock fares</a> on other metrics. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="439" height="278" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24222655/Screenshot-2025-06-25-at-11.26.28.png" alt="" class="wp-image-960709" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24222655/Screenshot-2025-06-25-at-11.26.28.png 439w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24222655/Screenshot-2025-06-25-at-11.26.28-300x190.png 300w" sizes="(max-width: 439px) 100vw, 439px" /></a></figure>
Photo Courtesy: Billion Photos on Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/%E2%80%9CPremarket">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/46086884/cathie-wood-drops-6-5-million-on-shop-and-abnb-betting-you-wont-stop-shopping-or-traveling">Cathie Wood Drops $6.5 Million On SHOP And ABNB, Betting You Won&#8217;t Stop Shopping Or Traveling</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

BBAI

COIN

TSLA

BigBear.ai, AMD, QuantumScape, Coinbase, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Tuesday, Sen. Elizabeth Warren (D-Mass.) slammed Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) alleged tax windfalls under President Donald Trump's new legislative package, saying the <a href="https://www.benzinga.com/news/politics/25/06/45854511/elizabeth-warren-calls-trumps-tax-bill-ugly-for-targeting-cfpb-says-it-returned-21-billion-to-cheated-americans">benefits far outweigh</a> what ordinary Americans could ever contribute.
What Happened: Warren criticized a provision in Trump's "Big Beautiful Bill" that she says offers Meta a massive tax break.
"If every one of the 340 million people in America paid a new $35 copay to visit the doctor, that still wouldn't be enough to cover how much Meta would get from just one tax break in Donald Trump&#8217;s ‘Big Beautiful Bill,'" she posted on X, formerly Twitter.
The U.S. population is estimated at 342 million, according to the Census — a number that, as Warren pointed out, wouldn&#8217;t be enough to offset the tax break given to Mark Zuckerberg&#8217;s company under the &#8220;Big Beautiful Bill.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If every one of the 340 million people in America paid a new $35 copay to visit the doctor, that still wouldn't be enough to cover how much Meta would get from just one tax break in Donald Trump&#39;s &quot;Big Beautiful Bill.&quot; <a href="https://t.co/LWcSqrI3eV">pic.twitter.com/LWcSqrI3eV</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1937527386683154635?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Warren and Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Also Read:&nbsp;<a href="https://www.benzinga.com/media/25/05/45680165/meta-hits-1-billion-monthly-ai-users-eyes-future-with-subscriptions" target="_blank" rel="noreferrer noopener">Meta Hits 1 Billion Monthly AI Users, Eyes Future With Subscriptions</a>
Why It's Important: Earlier this month, Warren slammed the "One Big Beautiful Bill Act," warning it could cause 16 million Americans to lose health coverage and add $2.4 trillion to the national debt.
Citing Congressional Budget Office estimates, Warren said the bill disproportionately <a href="https://www.benzinga.com/news/politics/25/06/45785851/elizabeth-warren-says-trumps-one-big-beautiful-bill-will-rip-away-health-coverage-from-16-million-a">benefits billionaires</a> like Jeff Bezos and Mark Zuckerberg at the expense of everyday Americans.
Warren has also <a href="https://www.benzinga.com/news/politics/25/06/45764421/elizabeth-warren-warns-ai-provision-in-trumps-big-beautiful-bill-could-enable-rent-hikes-this-policy-violates-the-senates-budget-rules">opposed a provision</a> in the bill that would prevent states from regulating artificial intelligence for 10 years. She argued this could lead to higher rents by protecting companies like RealPage. Representative Marjorie Taylor Greene has also criticized the measure.
Bezos and Zuckerberg's Meta have each <a href="https://www.benzinga.com/news/politics/25/05/45708460/elon-musks-175-billion-in-doge-cut-falls-far-short-of-the-billionaires-goal-expect-to-achieve-over-time-the-trillion-dollars-of-savings-says-tesla-ceo">contributed $1 million</a> to Trump's Jan. 20 inauguration.
According to Benzinga's Edge Stock Rankings, META is exhibiting a consistent upward trend across short, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance insights can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24215930/Screenshot-2025-06-25-at-7.27.47%E2%80%AFAM.png" alt="" class="wp-image-960688" /></a></figure>
Photo courtesy: Sheila Fitzgerald / Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Tech

Elizabeth Warren Says The Tax Break For Mark Zuckerberg's Meta Is So Bountiful Under Trump's 'Big Beautiful Bill' That $35 Copay From Each American Won't Still Match It

Another key figure at the Department of Government Efficiency, nicknamed &#8220;Big Balls&#8221;, has reportedly stepped down, following the exit of Elon Musk from the federal initiative meant to reduce wasteful spending.
What Happened: Edward&nbsp;Coristine, a 19-year-old high school&nbsp;graduate operating under the pseudonym &#8220;Big Balls&#8221;, has resigned from his role at DOGE, The Hill <a href="https://thehill.com/homenews/administration/5367819-doge-aide-big-balls-resigns/">reported </a>Tuesday, citing a White House official with knowledge of the matter.
Coristine was a key participant in high-level meetings involving the DOGE, Treasury Department, Commerce Department, and military operations during his tenure, the report said.
Despite his age and education, Coristine&nbsp;gained access to the United&nbsp;States&#8217; payroll systems. However,&nbsp;his Google Workspace account with&nbsp;the General Services Administration (GSA) is no longer active following his resignation, as <a href="https://www.wired.com/story/big-balls-coristine-doge-resigned-us-government/">reported </a>by WIRED.
DOGE didn&#8217;t immediately return Benzinga&#8217;s request to confirm this news.
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/46068856/peter-schiff-slams-texas-for-authorizing-bitcoin-reserve-another-example-of-why-the-foundin" target="_blank" rel="noreferrer noopener">Peter Schiff Slams Texas For Authorizing Bitcoin Reserve: &#8216;Another Example Of Why The Founding Fathers Distrusted Democracy&#8217;</a>
Why It Matters: Coristine, previously lauded by Musk, was reportedly<a href="https://www.benzinga.com/markets/25/03/44508248/elon-musks-doge-service-team-member-tied-to-cybercrime-group-report"> linked to a cybercrime group</a>, leading to concerns about the integrity of the DOGE initiative. His former company, DiamondCDN, had ties to a website operated by the cybercrime group &#8220;EGodly&#8221;. 
Coristine&#8217;s departure follows a series of high-profile exits from DOGE, including that of <a href="https://www.benzinga.com/25/05/45661836/tesla-stock-gains-215-after-hours-as-elon-musk-ends-doge-government-role">Musk himself</a> and his long-time lieutenant Steve Davis. Davis played a central role in<a href="https://www.benzinga.com/25/05/45687331/elon-musks-right-hand-man-steve-davis-exits-doge-after-tesla-ceo-steps-back-from-government-work"> executing Musk&#8217;s cost-cutting vision</a>, overseeing staffing decisions and guiding a team of engineers embedded in federal agencies.
DOGE, Musk&#8217;s brainchild, aimed to modernize government operations to increase efficiency and cost-effectiveness, although it isn&#8217;t an official government department. During his tenure, DOGE&nbsp;<a href="https://www.benzinga.com/markets/25/04/45034082/elon-musks-doge-saves-160-billion-but-could-lead-to-billions-in-hidden-costs-for-taxpayers-warns-new-analysis-public-will-end-up-paying-for-this" target="_blank" rel="noreferrer noopener">claimed $160 billion in government savings</a>&nbsp;through contract terminations and IT modernization efforts.
At the same time, the initiative faced flak for seeking access to&nbsp;<a href="https://in.benzinga.com/markets/equities/25/03/44133368/trumps-congressional-address-taps-elon-musk-for-government-overhaul-revives-drill-baby-drill-for-energy-boom" target="_blank" rel="noreferrer noopener">sensitive government systems</a>&nbsp;such as the Treasury Department and potential conflicts of interest.
Price Action:&nbsp; The DOGE acronym also alludes to Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), a meme coin that Musk has liked over the years, although there is no direct link between the department and the cryptocurrency.
At the time of writing, DOGE was exchanging hands at $0.1657, up 1.07% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo Courtesy: iQoncept on Shutterstock.com Read Next: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46081876/dogecoin-up-5-but-doubts-remain-whats-going-on">Dogecoin Up 5% But Doubts Remain: What&#8217;s Going On?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

DOGE-Fame 'Big Balls' Is Reportedly Leaving The Government Department Once Headed By Elon Musk — Dogecoin Price Rises

Cathie Wood-led Ark Invest made significant trades on Tuesday, spotlighting its strategic acquisitions of Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) and Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>). These trades reflect Ark&#8217;s continued interest in high-growth technology and e-commerce sectors.
The Shopify Trade saw Ark Invest making substantial purchases across three of its funds: Ark Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>), ARK Innovation ETF (BATS: ARKK), and ARK Next Generation Internet ETF (BATS: ARKW). The firm acquired a total of 33,829 shares of Shopify in total on Tuesday. Shopify shares ended the day at $114.42. The Ark transactions were valued at $3.9 million.
Shopify&#8217;s recent first-quarter earnings report, which revealed a 26.8% year-over-year revenue growth, <a href="https://www.benzinga.com/news/earnings/25/05/45286313/shopify-q1-gross-margin-contracts-misses-profit-estimate">surpassed analyst expectations</a> despite a contraction in gross margins. The total value of the Shopify shares purchased by Ark Invest is currently undisclosed due to the absence of the latest closing price data.
Shopify&#8217;s consistent revenue growth, marking its eighth consecutive quarter of over 25% growth, highlights its resilience and potential in the e-commerce space.
The Airbnb Trade involved Ark Invest&#8217;s flagship ARKK ETF acquiring 19,622 shares of Airbnb. This purchase comes amidst a <a href="https://www.benzinga.com/cannabis/25/05/45692146/this-airbnb-analyst-turns-bearish-here-are-top-2-downgrades-for-friday">backdrop of mixed analyst sentiments</a>, with some turning bearish on the stock recently. Despite this, Ark&#8217;s acquisition suggests confidence in Airbnb&#8217;s ability to navigate market challenges and capitalize on the growing demand for alternative accommodations. The total value of the Airbnb shares purchased by Ark Invest was $2.6 million. Airbnb shares closed at $132.15 on Tuesday.
Other Key Trades:
<ul class="wp-block-list">
<li>Toast Inc.: ARKF and ARKW purchased a combined total of 69,881 shares.</li>
<li>Illumina Inc.: ARKK acquired 28,266 shares.</li>
<li>Veracyte Inc.: ARKK bought 39,761 shares.</li>
<li>Beam Therapeutics Inc.: ARKK purchased 39,919 shares.</li>
</ul>
Benzinga&#8217;s Edge Stock Rankings indicate Airbnb checks out on Short, Medium and Long Price Trends. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how the stock fares</a> on other metrics. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="441" height="283" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24212738/Screenshot-2025-06-25-at-10.27.21.png" alt="" class="wp-image-960662" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24212738/Screenshot-2025-06-25-at-10.27.21.png 441w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24212738/Screenshot-2025-06-25-at-10.27.21-300x193.png 300w" sizes="(max-width: 441px) 100vw, 441px" /></a></figure>
Photo Courtesy: ChrisStock82 on Shutterstock.com
Read Next:
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<li> <a href="https://benzinga.com/crypto/cryptocurrency/25/06/46067898/trumps-crypto-ventures-have-been-lucrative-but-adam-schiff-says-he-is-bringing-in-a-law-to-" target="_blank" rel="noreferrer noopener">Two US Lawmakers On The Armed Services Committee Quietly Snapped Up L3Harris Shares Leading Up To Iran Tensions: &#8216;This Shouldn&#8217;t Be Legal&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ABNB

ARKF

ARKK

ARKW

SHOP

Cathie Wood Drops $6.5 Million On SHOP And ABNB, Betting You Won't Stop Shopping Or Traveling

The US military&#8217;s recent strikes on Iran&#8217;s nuclear facilities may not have been as devastating as initially claimed, according to a preliminary US intelligence assessment.
What Happened: The strikes on three of Iran&#8217;s nuclear sites last weekend did not completely destroy the core components of Iran&#8217;s nuclear program, as per an early US intelligence assessment, <a href="https://edition.cnn.com/2025/06/24/politics/intel-assessment-us-strikes-iran-nuclear-sites">reported</a> by CNN on Tuesday. The assessment, produced by the Defense Intelligence Agency, suggests that the strikes likely only set back Iran&#8217;s nuclear program by a few months.
&#8220;So the (DIA) assessment is that the US set them back maybe a few months, tops,&#8221; said a source, according to CNN.
The analysis of the damage&nbsp;and the impact of the&nbsp;strikes on Iran&#8217;s nuclear ambitions is ongoing. However, the early findings contradict President&nbsp;Donald Trump&#8216;s claims that the strikes &#8220;completely and totally obliterated&#8221; Iran&#8217;s nuclear enrichment facilities.
Two sources familiar with the assessment stated that Iran&#8217;s&nbsp;stockpile of enriched uranium was&nbsp;not destroyed. The intelligence assessed that&nbsp;enriched uranium was moved out&nbsp;of the sites before the US strikes.&nbsp;The White House acknowledged the&nbsp;existence of the assessment but&nbsp;disagreed with its findings.
White House press secretary Karoline Leavitt described the assessment as &#8220;flat-out wrong&#8221; and labeled the anonymous source as a &#8220;low-level loser.&#8221;
While the U.S. military claimed the operation was an &#8220;overwhelming success,&#8221; it is still early to have a comprehensive picture of the impact of the strikes. Israel, which had been striking Iranian nuclear facilities before the operation, believes the combined military action set back the Iranian nuclear program by two years.
However, the strikes&nbsp;did not fully eliminate the&nbsp;sites&#8217; centrifuges and highly enriched uranium. The impact&nbsp;was largely restricted to aboveground&nbsp;structures, which were severely damaged,&nbsp;according to the sources.
Despite the ongoing damage assessment, President Trump and Secretary of Defense Pete Hegseth remain bullish about the success of the strikes. However, others, including Republican Rep. Michael McCaul (R-Texas) and weapons expert Jeffrey Lewis, agree with the assessment that the strikes did not end Iran&#8217;s nuclear program.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/46067898/trumps-crypto-ventures-have-been-lucrative-but-adam-schiff-says-he-is-bringing-in-a-law-to-" target="_blank" rel="noreferrer noopener">Trump&#8217;s Crypto Ventures Have Been &#8216;Lucrative,&#8217; But Adam Schiff Says He Is Bringing In A Law To End &#8216;Corruption In Plain Sight&#8217;</a>
Why It Matters: The strikes followed a warning from Iran&#8217;s Foreign Minister Abbas Araghchi that U.S. involvement in the Israel-Iran conflict would be <a href="https://www.benzinga.com/news/politics/25/06/46042703/iran-calls-us-bombing-of-nuclear-sites-very-very-dangerous-for-everybody">&#8220;very, very dangerous&#8221;</a> for everybody. 
The strikes also led to <a href="https://www.benzinga.com/markets/equities/25/06/46059497/stocks-rise-oil-tumbles-despite-irans-strikes-on-us-bases-whats-driving-markets-monday">retaliation from Iran</a>, with missiles fired at U.S. military bases in Qatar and Iraq. Despite the escalating tensions, President Trump announced a ceasefire between Israel and Iran, even as reports of renewed hostilities raised doubts about its durability. 
Photo Courtesy: sf_freelance on Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

US Attack On Iranian Nuclear Sites Reportedly Set Tehran Back Only 'A Few Months' — White House Calls Assessment 'Flat-Out Wrong'

Jones Lang LaSalle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JLL#NYSE">JLL</a>) has outperformed the market over the past 5 years by 5.12% on an annualized basis producing an average annual return of 19.91%. Currently, Jones Lang LaSalle has a market capitalization of $11.91 billion. 
Buying $1000 In JLL: If an investor had bought $1000 of JLL stock 5 years ago, it would be worth $2,556.87 today based on a price of $250.88 for JLL at the time of writing.
<h3>Jones Lang LaSalle's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750808720_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Jones Lang LaSalle 5 Years Ago Would Be Worth This Much Today

Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) has outperformed the market over the past 5 years by 25.37% on an annualized basis producing an average annual return of 40.16%. Currently, Stride has a market capitalization of $6.29 billion. 
Buying $100 In LRN: If an investor had bought $100 of LRN stock 5 years ago, it would be worth $547.33 today based on a price of $144.55 for LRN at the time of writing.
<h3>Stride's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750807831_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Stride 5 Years Ago Would Be Worth This Much Today

Casella Waste Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) has outperformed the market over the past 10 years by 24.16% on an annualized basis producing an average annual return of 35.58%. Currently, Casella Waste Systems has a market capitalization of $7.47 billion. 
Buying $100 In CWST: If an investor had bought $100 of CWST stock 10 years ago, it would be worth $2,102.50 today based on a price of $117.74 for CWST at the time of writing.
<h3>Casella Waste Systems's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750806915_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CWST

Here's How Much You Would Have Made Owning Casella Waste Systems Stock In The Last 10 Years

The <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46058796/tesla-stock-is-surging-today-whats-driving-the-momentum">launch of robotaxis </a>in Texas by Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has put an emphasis on the company's AI technology and engineers. Those same Tesla workers are also being contacted by rival companies, which want to lure them away.
What Happened: Tesla senior staff engineer Yun-Ta Tsai shared details of Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) trying to poach him, which follows reports that Meta was aggressively<a href="https://www.benzinga.com/markets/tech/25/06/46041399/meta-tried-luring-openais-top-minds-with-massive-paychecks-but-sam-altman-neglected-to-mention-that-hes-countering-those-offers-says-andrew-bosworth"> trying to win over</a> top AI talent.
Tsai <a href="https://x.com/YunTaTsai1">shared </a>an email from a Meta recruiter that said it was "one last try" to get him to work at the social media and tech company.
"Sorry we are busy at [sic] launching Robotaxi and our devotion to the sustainable abundance," Tsai captioned the post.
Working at Tesla and with CEO Elon Musk may be a dream job for some and a tough task for others. Tsai shared more details on this in comments to people who replied to the original post.
One user asked Tsai, "What attracts talent to Tesla?"
Tsai shared a response that highlighted Musk's leadership and working for a company with a clear purpose.
"No amount of money can sway me away from Elon. That's once in a lifetime (probably history) opportunities. I enjoyed [missing word] in tough environments. Making money without a sense of purpose would drive me crazy," Tsai said.
Another user told Tsai that Meta Platforms CEO Mark Zuckerberg was "out there with pallets of cash" trying to "buy his way to AGI."
"That's what I heard. But money cannot buy a sense of purpose," Tsai responded.
Read Also: <a href="https://www.benzinga.com/markets/tech/25/06/45920502/elon-musks-tesla-files-lawsuit-alleging-ex-employee-stole-humanoid-tech-to-launch-rival">Elon Musk&#8217;s Tesla Files Lawsuit Alleging Ex-Employee Stole Humanoid Tech To Launch Rival</a>
Why It's Important: A LinkedIn <a href="https://www.linkedin.com/in/yutsai/">profile </a>for Tsai shows a work history that includes working at Tesla for four years and nine months along with past stints at Google, Nvidia and Nokia.
In other posts from Tsai, the Tesla engineer praises the teamwork of the AI units and their accomplishments.
"Everyone was working before the dawn to make history. One team," a post reads.
Another X user shared Tsai's post and said it should be shown off when the media says that top talent doesn't want to work with Musk, which caught the CEO's attention.
"It is an honor to work with such a great team," Musk <a href="https://x.com/elonmusk/status/1937146908927242271">said</a>.
The positive comments from Tsai come after <a href="https://www.benzinga.com/news/topics/25/06/45725551/these-former-senior-tesla-employees-share-what-it-was-like-working-with-elon-musk-its-not-a-9-to-5-experience">a recent interview</a> of former Tesla employees highlighted the challenges and pressures of working for Musk, but also the rewards, with some employees going on to found their own companies.
A recent report from OpenAI Chief Technology Officer Andrew Bosworth suggested the company was seeing its employees targeted by Meta.
Bosworth said Meta was trying to lure away top employees from OpenAI, which followed comments from OpenAI CEO Sam Altman commenting on the same.
"The market is setting a rate here for a level of talent which is really incredible and kind of unprecedented," Bosworth said.
Bosworth said Altman failed to mention that he has countered many of the offers OpenAI employees were getting from Meta. &nbsp;
The push to get exceptional employees is likely to continue with demand in the sector, which will lead to companies needing to treat employees well, offer strong compensation and as Tsai has said, a "sense of purpose."
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/46080769/tesla-robotaxi-rollout-bill-gates-elon-musk">Elon Musk Net Worth Surges: Tesla Robotaxi Rollout Helps Billionaire Wealth Hit More Than 2X Value Of Bill Gates</a></li>
</ul>
Photo: Robotaxi in San Francisco via Shutterstock

Management

Tesla Vs. Meta: Engineer Says He's Staying At EV Giant — 'No Amount Of Money Can Sway Me From Elon'

IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) has outperformed the market over the past 5 years by 5.97% on an annualized basis producing an average annual return of 20.76%. Currently, IBM has a market capitalization of $273.01 billion. 
Buying $1000 In IBM: If an investor had bought $1000 of IBM stock 5 years ago, it would be worth $2,624.63 today based on a price of $293.75 for IBM at the time of writing.
<h3>IBM's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750806017_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning IBM Stock In The Last 5 Years

Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) has outperformed the market over the past 5 years by 9.59% on an annualized basis producing an average annual return of 24.38%. Currently, Ingersoll Rand has a market capitalization of $33.73 billion. 
Buying $1000 In IR: If an investor had bought $1000 of IR stock 5 years ago, it would be worth $3,073.45 today based on a price of $83.69 for IR at the time of writing.
<h3>Ingersoll Rand's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750805132_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Ingersoll Rand 5 Years Ago Would Be Worth Today

Pure Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) has outperformed the market over the past 5 years by 11.25% on an annualized basis producing an average annual return of 26.04%. Currently, Pure Storage has a market capitalization of $17.65 billion. 
Buying $1000 In PSTG: If an investor had bought $1000 of PSTG stock 5 years ago, it would be worth $3,178.97 today based on a price of $54.00 for PSTG at the time of writing.
<h3>Pure Storage's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750804225_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PSTG

$1000 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

Meetings with the top management of Group 1 Automotive Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) and Penske Automotive Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) highlighted industry trends in tariff responses by OEMs (original equipment manufacturers), new and used vehicle sales, as well as P&amp;S (parts and service) trends, according to JPMorgan.
The Automotive Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e68c15a5f2b9b0001143528/rajat-gupta">Analyst Rajat Gupta</a> reiterated an Overweight rating and price target of $435 for Group 1 Automotive, while maintaining an Underweight rating and price target of $160 for Penske Automotive.
The Automotive Thesis: Both companies witnessed increased buying by OEMs (original equipment manufacturers) over the past few months, ahead of tariffs being imposed, Gupta said in the note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
While there was a "sharp uptick' in sales during late March, the trend began to normalize into mid-April and a "new normalized run-rate" was established by mid- to late-May and into June, he added.
"Consumer health remains resilient and in-store traffic is strong as well," the analyst wrote.
Both Group 1 Automotive and Penske Automotive indicated that the used car market continues to be challenging, he further stated.
GPI, PAG Price Action: Shares of Group 1 Automotive had declined by 0.48% to $446.20, while Penske Automotive's stock was up 1.25% to $177.56 at market close on Tuesday.
Read More:<a href="https://www.benzinga.com/insights/analyst-ratings/25/06/45946624/canaan-stock-a-deep-dive-into-analyst-perspectives-8-ratings"> </a> • <a href="https://www.benzinga.com/insights/analyst-ratings/25/06/45946624/canaan-stock-a-deep-dive-into-analyst-perspectives-8-ratings">Commercial Metals Poised For Q4 Growth Amid Favorable Market Trends, Says CEO</a>
Photo: K-FK via Shutterstock

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